For Sale
$2,100,000

222 Parramore Ave Orlando, FL 32801

1.4-Acre Land, 11 Parcels, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional 1.4-acre mixed-use portfolio in Orlando's vibrant Innovation District presents a unique investment opportunity. Comprising eleven parcels, this fee-simple offering includes a 10,902 square foot building at 716 W Robinson St, zoned MU-1/T/PH & R2B/T/PH, and ten additional parcels, several of which are vacant land. Three adjacent vacant parcels at 726 W. Robinson St, 732 W. Robinson St, and 217 Garden Ave, zoned R2B/T/PH, offer significant development potential. Four additional adjacent vacant parcels located at 222 N Parramore Ave, 214 N Parramore Ave, 211 McQuigg Ave, and 215 McQuigg Ave, also zoned MU-1/T/PH & R2B/T/PH, provide further expansion possibilities. A one-story duplex at 209 Garden Ave (3,596 sq ft), zoned R2B/T/PH, and two additional vacant parcels at 202 McQuigg Ave and 824 W. Robinson St (each 3,596 sq ft), zoned R2B/T/PH, complete the portfolio. The MU-1/T/PH zoning allows for medium-intensity mixed residential and office development up to 35 feet, while R2B/T/PH permits single-family homes, duplexes, and small apartment buildings up to 30 feet. The combined potential unit count across the portfolio is estimated at 20 units. This prime location offers exceptional walkability to Creative Village, Exploria Stadium, Amway Center, and other downtown attractions. Importantly, this portfolio is situated within a Community Development Financial Institutions Fund designated area, qualifying for various funding programs including the Bank Enterprise Award, Capital Magnet Fund, and Equitable Recovery programs. This presents a compelling opportunity for investors seeking high-growth potential in a dynamic urban setting. The asking price is $2,100,000.

Highlights

  • One block from Creative Village.
  • Excellent walkability to Exploria Stadium, Amway Center, and Church Street.
  • Mixed-use development with medium intensity residential and office components.
  • Eligible for CFDI funding.
  • Portfolio comprises 11 mostly contiguous properties.

Property Details for 222 Parramore Ave

Property type
Land
Lot Size (sq. ft)
60,984 SF

Location Insight

City
Orlando
County
Orange
State
Florida
Latitude
28.545508
Longitude
-81.389466

FAQs

What type of property is this?
Land - 1.4-Acre Land, 11 Parcels, High Potential
Where is the land located?
The property is located at 222 Parramore Ave Orlando, FL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: One block from Creative Village.; Excellent walkability to Exploria Stadium, Amway Center, and Church Street.; Mixed-use development with medium intensity residential and office components.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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222 Parramore Ave
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